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1-bed · 819 sqftMAG 318 Tower, Business Bay · 10th floor · completed 2020

1001, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in January 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 1.53M6 January 2021
Current rentAED 110K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, MAG 318 Tower

What is 1001 worth today?

Last sold for AED 1,526,940 in 2021

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15 Oct 2025RentedNew contract
AED 110,000/yr12 months · AED 134 per sqft
1 Aug 2024RentedRenewal
AED 100,000/yr12 months · AED 122 per sqft
1 Aug 2023RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
2 Jul 2022RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
6 Jul 2021RentedNew contract
AED 82,000/yr12 months · AED 100 per sqft
6 Jan 2021Sold by developerReady
AED 1,526,940AED 1,864 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
10th of 22
Parking
P2-20
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.53M · January 2021
Building
MAG 318 Tower

About 1001, MAG 318 Tower

1001 is a one-bedroom apartment of 819 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 6 January 2021 for AED 1,526,940, or AED 1,864 per sqft, 11% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 October 2025, is AED 110,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical one-bed in MAG 318 Tower
1.5M2M20182019202020212022Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,456,817; 2020 AED 2,050,000; 2021 AED 1,594,787Sold by developer, January 2021: AED 1,526,940 (AED 1,864 per sqft)

1001 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1001, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 82,221; 2022 AED 95,000; 2023 AED 100,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 135,000New contract, July 2021: AED 82,000 a yearNew contract, July 2022: AED 100,000 a yearNew contract, August 2023: AED 100,000 a yearRenewal, August 2024: AED 100,000 a yearNew contract, October 2025: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 318 Tower, and where 1001 sits

All 47 1-beds →

1001 last sold in January 2021 at AED 1,864 per sqft, 11% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). Over the last 12 months one-beds sold for AED 1,710,000, around AED 1,740 per sqft, and rent for AED 79,500 to 135,000 a year. 1001's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jan 20261,710,000
14 Apr 20251,800,000
2 Aug 20241,580,000
11 Jul 20231,460,000
1 1-bed sale in the last 12 months

MAG 318 Tower

Building

439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 10 sold in the last 12 months.

Typical price per sqft
AED 2,457 Up 1.3%
Typical sale
AED 1.09M
Typical rent
AED 85K /yr
Typical yield
6.7%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 439 units in MAG 318 Tower
Value
10022-bedAED 1.85M · Jan 2021
1003StudioAED 760K · Feb 2019
1004StudioAED 760K · Jul 2021
1005StudioAED 775K · Apr 2019
1006StudioAED 760K · May 2019
1007StudioAED 1M · Jan 2026
1008StudioAED 780K · Apr 2019
1–7 of 23

1001, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 January 2021 for AED 1,526,940, or AED 1,864 per sqft.
  • Rented since July 2021 on 5 Ejari contracts, from AED 82,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2021 price is 7.2%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,710,000 in the 12 months to November 2026; the building's median across all types is AED 2,457 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2025.

Questions about 1001, MAG 318 Tower

What did unit 1001 last sell for?

AED 1,526,940 on 6 January 2021, sold by the developer: AED 1,864 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1001?

AED 110,000 a year on the contract signed on 15 October 2025. The previous contract, from August 2024, was AED 100,000; the unit has been rented since July 2021.

How big is unit 1001?

819 sqft (76.1 sqm): a one-bedroom apartment on the 10th floor of a 22-storey tower completed in 2020.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,710,000 in the last 12 months, around AED 1,740 per sqft.

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Mortgage on 1001, MAG 318 Tower

Starts from the last sale price (AED 1.53M, 6 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,526,940
Deposit, UAE resident (20%)
AED 305,388
Deposit, non-resident (40%)
AED 610,776
Monthly over 25 years at 3.7%
AED 6,247

Plus AED 69,142 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →